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Results for tag: bih
Posted by:
Stringer
on Mar 1, 2011 at 02:09:53 AM
As economics continues on its inexorable trajectory en route to becoming the new football, this seems an appropriate juncture at which to introduce a new measurement that it is hoped will take its place alongside other indices of repute, such as Gross Domestic Product or the Economist’s Big Mac Index: the European Transfer Ratio (‘ETR’). The theoretical underpinnings of this ratio will be explained in a future blog post, but suffice to say that the amount of money flying between football clubs within UEFA at a time when most sane Europeans are concentrating on the more mundane goal of keeping warm says much about the state of the economy in this continent, as does the manner in which the cash is splashed.
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Arguably...